Evli Oyj — Capital/Financing Update 2015

Nov 23, 2015

Evli's initial public offering has been oversubscribed multiple times and the subscription period has been discontinued on November 23, 2015 at 4.00 PM

Evli's initial public offering has been oversubscribed multiple times and the subscription period has been discontinued on November 23, 2015 at 4.00 PM

EVLI BANK PLC STOCK EXCHANGE RELEASE NOVEMBER 23, 2015, AT 4.00 PM

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE USA, CANADA,
NEW ZEALAND, AUSTRALIA, JAPAN, HONG KONG, SINGAPORE OR SOUTH AFRICA, OR ANY
OTHER COUNTRY WHERE THE DISTRIBUTION OR PUBLISHING WOULD BE UNLAWFUL.

Evli Bank Plc's ("Evli" or "Company") initial public offering ("IPO") has been
oversubscribed multiple times, and the Company's Board of Directors has,
therefore, decided to discontinue the subscription period of both the
institutional offering and the public offering today on November 23, 2015 at
4.00 PM, in accordance with the terms and conditions of the IPO.

The subscription period of both the institutional offering and the public
offering for the Company's new series B shares offered in the IPO ("Offered
Shares") begun on November 16, 2015. The demand for the Offered Shares was very
strong both among the institutional investors and the investors participating in
the public offering.

Preliminarily a maximum of 1,800,000 Offered Shares will be offered in the
institutional offering for institutional investors in Finland and certain other
countries. Preliminarily a maximum of 300,000 Offered Shares will be offered in
the public offering for subscription by private individuals and institutions in
Finland. The Company will strive to approve subscription commitments given in
the IPO fully up to 100 Offered Shares per investor. For the portion exceeding
this, the Company will, in accordance with the terms and conditions of the IPO,
strive to distribute Offered Shares in the mutual ratio of the amounts of the
unfulfilled subscription commitments. However, the Company may take into account
the status of the party giving the subscription commitment as a client of the
Company and allocate more Offered Shares for such investors than to other
investors participating in the IPO.

The Company's Board of Directors will resolve on or about November 25, 2015 on
the division of the Offered Shares between the institutional offering and the
public offering and on the approval of subscription commitments and offers given
in the IPO. The results of the IPO are expected to be published on or about
November 25, 2015. The discontinuation of the subscription period does not
otherwise affect the schedule of the IPO. It is estimated that the Offered
Shares distributed in the IPO will be entered in the investors' book-entry
accounts on December 1, 2015. Trading is expected to commence on the official
list of the NASDAQ OMX Helsinki Ltd on or about December 2, 2015.

The lead manager of the IPO is Alexander Corporate Finance Oy and the Company's
legal advisor is Borenius Attorneys Ltd.

For additional information, please contact:
Maunu Lehtimäki, CEO, Evli Bank Plc, tel. +358 9 4766 9304 or +358 50 553 3000
Henrik Andersin, Chairman of the Board, Evli Bank Plc, tel. +358 9 4766 9200 or
+358 400 406 391

Evli in brief

Evli is a private bank that specializes in investment and helps private persons
and institutions increase their wealth. The Company offers asset management
services, various services related to the capital markets, such as brokerage of
equity and other investment products, market making and investment research, and
Corporate Finance services.

DISCLAIMER

The information contained in this release is not intended for publication or
distribution, directly or indirectly, in the USA, Canada, New Zealand,
Australia, Japan, Hong Kong, Singapore or South Africa. This written material
does not constitute an offer for the sale of securities in the USA, nor may the
securities be offered or sold in the USA unless they have been registered
according to the United States Securities Act of 1933 (as amended) and the rules
and regulations issued pursuant to it, or unless there is an exemption to the
obligation to register. The Company does not intend to register any portion of
the IPO of securities in the USA or conduct an offer of securities to the public
in the USA.

Specific judicial or legislative restrictions have been placed on the issue, use
and/or sale of securities in certain countries. The Company and Alexander
Corporate Finance Oy are not liable if such restrictions are violated.

This release shall not be interpreted as an offer to sell or an invitation to
make an offer to purchase the securities mentioned herein, nor will securities
be sold in areas in which the offering, acquisition or sale of the securities in
question would be unlawful before their registry or exemption regarding the
obligation to register, or the gaining of other approval according to the
securities legislation for the areas in question. Investors should not accept an
offer regarding securities or acquire the securities that this document refers
to unless they do so based on the information contained in the applicable
prospectus published or distributed by the Company.

The Company has not authorized an offer of securities to the public in any
member state of the European Economic Area other than Finland. With the
exception of Finland, no measures have been or will be made to conduct an offer
of securities to the public in any member state of the European Economic Area
that has implemented the Prospectus Directive (each "Relevant Member State") in
such a way that would require the publication of a prospectus in the Relevant
Member State. As a consequence, securities can only be offered in the Relevant
Member States to (a) legal entities considered to be a qualified investor as
defined in the Prospectus Directive or (b) any other situation according to
Article 3(2) of the Prospectus Directive. In this paragraph, the expression
"offer of securities to the public" means a communication to persons in any form
and by any means, presenting sufficient information on the terms and conditions
of the offer and the securities to be offered, so as to enable an investor to
decide to use, purchase or subscribe to these securities, as the expression may
vary as a consequence of the implementation measures carried out in the member
states. The expression "Prospectus Directive" refers to Directive 2003/71/EC
(with amendments including the 2010 Amending Directive, to the extent that it
has been implemented in the Relevant Member State), and it contains all the
relevant implementation measures in the Relevant Member State, and the
expression "2010 Amendment Directive" means Directive 2010/73/EU.

The information presented here is only directed at (i) persons outside the
United Kingdom or (ii) persons with professional experience in matters relating
to investments as referred to in Article 19(5) of the United Kingdom's Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") and
(iii) high net worth entities falling within Article 49(2) of the Order, or
other persons to whom the document may lawfully be communicated (all the above-
mentioned persons together being referred to as "Relevant Persons"). The
investment activities related to this release are only available to the Relevant
Persons and are only undertaken with the Relevant Persons. Any person who is not
a Relevant Person should not act on the basis of this document or rely on its
contents.

[HUG#1968692]